Topic: Exiting altcoins at the correct time is the best thing you can do do with them. (Read 585 times)

Because people are greedy and want to make more money. There are some hyped altcoins that need to be sold at the right time, but if the currency you invest in keeps falling, don't panic, it will rise, but control your emotions and don't miss the opportunity.

There are few people  can predict the correct time when to leave the market even on Bitcoin。Greed makes us to believe our token and coins  will go  up again,thart makes us lost more. Buying bitcoin is a long time investing.Please keep  patient.

the hysteria some time ago was incredible. I have reminded some of my friends who are too excited to join without preparing for the anticipation if a storm suddenly comes. and sure enough ... prices have not recovered and most of them were forced to cut loss or wait who knows how long. that's how cryptocurrency is always full of surprises, if you don't have management and awareness in managing funds you will be trapped. sometimes luck does play a role but until when only rely on luck? we have to learn and adapt so we don't get carried away easily.

The time of investing and withdrawing your capital from cryptocurrency in order to fix profits is one of the key in working with cryptocurrency. However, here we have always made and will continue to make mistakes, since the price movement of the cryptocurrency is very unpredictable. Of course, you need to try in this matter, and there are various methods here. We must know in advance what price target we want to achieve and quickly respond to changes in the market situation.

Most altcoins have already lost their value. Only the top altcoins lost 50% of their value, which is approximately equal to the fall of bitcoin. The loss in the price of the remaining altcoins is comparable to the fall that we saw in 2018 and is up to 90% of its high. And now we can not count on a rapid recovery of the market, and accordingly the prices of altcoins.

People should learn the jot down of the process that OP said. You hold bitcoin and repeat that process through trading altcoins. It's okay to hold some altcoins that you see the future on it but you don't have to settle for those altcoins only and the main stay on your portfolio is always bitcoin. The proven strategy of holding bitcoin and trading your altcoins if you're at profit is always the best strategy for me. There might be some traders and holders of other altcoins that made a lot but with this, it is all about the consistency of bitcoin that has always been seen for years and you'll have peace of mind.

That is a good idea, we can trade altcoins to get more profits. however, the difficult thing is the right time to trade altcoins, to buy and sell. because recently, the market is very not stable and it surprises us by the big drop and high at the short time.
But, we also already know the cycle of altcoins market prices. We can likely utilize every chance to get profits. As long as we are not greedy, panic, and also hype, we can still have a bigger chance to gain profits with our best analysis and strategy.
Holding Bitcoin is good, as like now, better to still hold bitcoin moroever the price is still at the low price.

The only problem i find is finding promising projects before the hype and i missed out on a lot of projects because there are literally thousands of projects being announced and it is difficult to follow everything. From my bitter experience i had in the past i usually do not fall for the hype but this time around almost all of the coins rallied a lot and some turned over 1000% which is crazy and i am well aware that those projects will close their doors and move on once the money dries.

Is buying low and sell high a better strategy than eating warm and tasty instead of cold and disgusting? Seriously, please seriously, we are more than that here on this forum, aren't we. Buy low and sell high is not a strategy, it is, I don't even know how to express, it is worthless talk, and that is the politest I could go for at this point.

Anyways, do me a favor. This weekend, eat warm and tasty, warm, and, tasty, ok? Very important for your success!

I do not know if the percentage is that bad but it is bad, the problem is that there are many coins that are released that unfortunately are created by scammers or by opportunistic people that just want to see if they can become rich quickly by releasing a coin.

This means that the quality in the market of altcoins can be very low, fortunately not all is bad, there are some developers that actually take their coin seriously and they do everything they can to support it, and while it could take some time those are the coins that eventually make it to the top of the market.

Yeah, I'm hoping since I bought mostly alt coins that are somewhat well known, they will return to their all time highs. I'm also crossing my fingers for the day the world realizes Vechains real world utility as a huge time and money saver.

Since the price of an altcoin with a BTC dump decreases to 80-90%, it is necessary to use a stop loss. Otherwise, you will have to wait a very long time for the price of altcoins to recover after the dump. But even in the event of a market recovery, not all altcoins will return to their ATH, most of which will remain at the bottom.

The sad truth about altcoins is that, out of the 10,000-15,000 altcoins in existence, only around 1% or 2% are going to survive in to the distant future. So if you want to make good profits from altcoin, you need to plan the exit strategy in advance for most of the coins. Long term hold may be risk with such cryptocurrencies. On my part, if an altcoin is outside the top-20 list in conmarketcap, then the maximum duration that I would hold is 12 months. If it has enough potential, it will break in to the top-20 by then. If not, it's time to get rid of it.

Proven by time Bitcoin will remain the best asset that fits to this kind of investment, if you don't want

suffered from huge losses due to huge volatility, maybe if you are wiling to gamble and risk your money,

sorting alts and try to ride with the train would give you something decent, just a matter of how you can

manage things if it wont go according to your direction.

Why not Hold BTC and BTC trading at a lower percentage? Why trading Altcoins knowing that price fluctuations are greater than in relation to BTC? From the loss and loss experience you've gone through I believe most people have gone through this and what you said about these projects not going back to their peak prices is really true. Well, it's clear who will survive the next few years and who is bound to devalue and be worth less than pennies.

I must say nobody can predict the market in advance perfectly. It depends on the coin to coin it's not like that you will only able to earn profit from BTC there are some other coins that can also be profitable if hold for the long term, for example, Ethereum and BNB. Only holding Btc is profitable is your perception. Yes, due to the recent dip majority of the Altcoins dropped hard and those who sold at right time are in a comfortable position. The Crypto market checks your patience level most of the time. Smart traders are those who exit the trade with a set target because sometimes greed can cause you to lose all your profit so be a smart trader/investor.

Since trading is such a huge thing here it is natural that we see all kind of advice, however when we take into account that those that actually know how to trade have no incentive to share their strategies and how they make money in the markets this means the level of the information available is very low.

After all everyone wants to buy low and sell high, but that is not a strategy, that is the goal, how to get to the point we could do that consistently is the whole point of a trading strategy and yet only a very small minority know how to do that.

With Bitcoin it is a bit complicated right now I would say and the alt coin investors are also hesitant to make decisions. When it looks like Bitcoin will go for a run, out of a sudden it turns around and goes down again. We need some more certainty and good news and then there will be more action again with alts I guess.

Bitcoin rallying back above $30k, it feels more exciting to see that altcoins will have their way to rise again (that only if they are totally dependent on Bitcoin). To think about investing in potential altcoins this time will be the best (or at least) option. But of course, we need to hold as we can see that the market seems too slow to recover unlike when we are in bullish season.
I hold BTC and invest more in altcoins...I hope it works.

These signal groups are a scam because those who lead those groups already filled their bags before giving anyone the signal or the "secret hint" to buy a sleeper who is going to blow up in value. I would never follow these signal coins. The only guys who get rich are those who sell right into those buy orders of those they give the buy signals to. As far as I know they usually don't recommend good timings to sell.

In pump and dump groups, the late signal receivers will buy up the price and buy sold coins of earlier receivers of signal in the same group. A signal in those groups can bring profit for some and losses for the others.

It depend on how fast you join their signal parties but this nature makes people are more excessively greed and they ignore all risks to jump on with hope that they are early participants and signals work.

Sometimes signals can fail and all will end with loss, exceptions are group owners.

I'm sure we all know that majority of altcoins are dependent on Bitcoin's price movement. So if BTC went down, so is those altcoins who are in the top coin. But for those shitcoins, well, purely pump and dump, it might give you x2-x10, but it's not a guaranteed that you can always spot them unless you are a member of some p&d group. But just warning for those who are in a p&d group, it's not also a sure fire to win a lottery. So it's better just to fill our bags with altcoins that has used case or at least in the top 20.

If Bitcoin goes down, then in the long term alts will go down as well. Even the established alts remain heavily dependent on Bitcoin. And also, since many of these altcoins are purely driven by hype (I am not talking about genuine coins such as Ethereum, BNB or Cardano), when the overall cryptocurrency market goes down, their prices get affected disproportionately. IMO, the ideal opportunity to purchase altcoins will come in the next few months, but this is not the right time. Wait until the Bitcoin dominance gets to 60% or 65%.

The cardinal rule is not a rule but wishful thinking. Everybody wants to buy low and sell high. That is not a rule. Everybody wants to eat warm and tasty. Is that a rule? I am confused by some people's ability to talk nonsense about trading in general in such a fundamental way.

This is basically the issue, we know that investing in altcoins can be profitable and the earlier you get in the coin the more money you could make but it is difficult to select the right coin, we have seen many coins in the past pumping and in fact reach some of the highest positions in the market that were scams, with the best example of this being bitconnect, and we have seen many coins with decent potential that never caught the eye of the community.

This makes the market even more unpredictable and makes it difficult to apply any strategy as simply put the market does not make sense, especially when it comes to new projects.

I liked your rule, Hold Bitcoin trade altcoins. I like to trade with altcoins but all altcoins can't give 2x, 10x or 100x. Some altcoins are good for short-term trading. Bitcoin is going downward so I think we will get good time for filling our bag with good altcoins.

I think it's not the best option right now not just to hold for a long time unless you're not updated with the market. There are times that we also need to sell at the top especially when it hits all time high then probably just need to wait for the big correction again or just wait again for the bear market to sell again. I think it's good to do that strategy rather than just hold it and not just hold it. At that moment, we can get profit and add again more altcoins in our wallets.

Most of the alts from the previous Bull run are actually ZERO now. They haven't worked for months/years and now their coin won't be having any value unless they do something. Investing in altcoins is a risky business, especially those who are below the top 100 on coinmarketcap or don't have a proper community. I would suggest that if you are in a profit then exit and keep your principle mainly in USDT or BTC.

it's because they are affected by the pump and the best that bitcoin shows. it makes the adoption of new investors increase. they come with considerable money but without sufficient experience and knowledge.
new investors do not have the experience to make an investment plan on an altcoin project. even though the selected asset is a top market asset but when they do not have the experience to make careful planning, they can get caught up in the corrections that occur in the market.
in fact, those who have a long time and experience in seeing how the market is trending are the winners.

What you said is completely correct. Unfortunately, in the last year, we have seen too many new investors with no experience. These people invested all their money to get rich in a short time and lost a lot of money. And when they saw that prices were starting to drop, they sold everything and couldn't buy it back.
Investing is not an easy thing, it is very difficult to sell what you have at the right time. People who can do this make money

Obviously the crash caused pain to many traders and investors, there is always this one thing called greed that won't let traders and investors take profits while in profit, so bad the market crash took many of us unaware, i was so happy putting all i got in crypto and seeing my account growing x5, i felt good and rich untill the market crash which made me loose almost everything i got, well i have learnt my lesson but so bad i learnt it the hard way. This crash has made many of us to turn into a bag holder waiting for market to pump.

Exactly, it's all about timing and how you interpret the market, buying low and selling it high always

the advantage of each traders, unless you have a better view with the project that you are supporting

it can take some long term before you take your position. keep in mind that taking full responsibilities

in making the decision is tough when you are in this volatile market venue.

If you know how to find it then you will be a successful investor and can even make that x10-100 profit but the thing is can you really take it and have a chance?
there can be someone who knows but many are not it means we will be a loser mostly and only few will win.
lol how this will come if you will just come to start?

there is no chance that you can find it when you are not in the situation yet.

I think we've all had this experience at least once and you're not alone friend. At least you learned your lessons that most of the altcoins nowadays are just pumps and dumps and that you shouldn't hold them for long. At least that's what I thought on those overhyped shitcoins that is driven my social media market. I prefer tokens who is taking it's time for development.

The cardinal rule is always been to buy low and sell high, here in the Cryptocurrency market you are not guaranteed of hodling a coin for a very long time except Bitcoin, coins come and go and there are coins that take time to make a profit, everything here is timing and the right time to buy and sell, I consider the Cryptocurrency market as the riskiest, you have to invest what you can afford to lose.

One of the ways to make trading or investing in altcoins worthy is that we know the right time to buy and sell the coins. It is not about reaching the ATh but it is about the ways to make us utilize every moment to get the profits. because altcoins are very risky, moreover the new coins. That is why we must be smarter in analyzing the current market, the price up to and down, and also how the coins or tokens are in the market. So, we can take the right time to take profits, never be greedy with the profits.

With altcoins one should not expect big profit, if the market is moving good then go for it. Because we don't know when the crash happens with the particular altcoins. If it is on the top order we can try holding it for assured return on the investment. The same isn't possible with every altcoins. Myself have experienced this, kept hold of an altcoin that isn't so popular. It grew high, but I expected even big and massive crash happened. Further there is no sign of growth. Making the right exit is always important with altcoins.

I sell all my shitcoins while it still has value and put the money to potential altcoins. As the bear season has come (soon), now is the best time to anticipate a huge market correction. We can't rely on those hyped coins while we can still benefit from them, make this as an opportunity for the next plan.
However, we have a different mindset, many were still thinking for an xxx profit from holding these shitcoins. Well, it has their choice, they can never realize that they are wrong until such a time that they will experience it.

Seconded. In hindsight, nobody "truly" knows when the right time to take the exit route for an altcoin. There's no sure-fire way to do that. So instead, it depends ultimately on us to make critical decisions like this. Most likely, it's by common sense and human psychology. Ideally, everyone know any altcoin's price is around a high value and could potentially be sold and vice versa. The main problem is that we don't trust our guts and there's also the issue of greed and fear that abounds making it even more difficult.

the correct time to exit only when we got enough profits from our position,just close all position and let price running no matter it continue trend or maybe reverse. this is the only accurate sign for us except we have special skill for identifying trend.

It is really a good thing you said. But the hardest part is to be able to predict the correct time to exit.    Because there is no obvious sign for it to warn investors. It is totally up to us, investors. We need some luck in this too.

Not really. All altcoins aren't shitcoins. You have to exit at the "correct time" when you know you are investing in a shitcoin. Those coins usually gets hyped at the beginning and then gets pumped when everyone starts to invest in it. Once the hype is over, most of the people starts to dump the coins and take their profit. This is when the people that exit at the right time makes profit, while those who exits at the wrong time, loses everything. Even if you are at loss, never hold your shitcoins. Highly likely it will never go up again. Better to make some loss and save some of your investments.

Altcoins build up, increase in price, and eventually, money flows out to stablecoins or Bitcoin. I realized that in the crypto market. Trends will soon end and altcoins will be gutted. There are only a handful of altcoins left that continue to grow and deliver huge profits. Such altcoins are few in the multitude of projects created.

I fear this greatly. Some will crash 90% and never return to its all time high. I've put most of my altcoin eggs in VET, ADA, KSM, and some in Doge. I'm just hoping VET one day gets recognized for the value it has not as a currency but a marvel of digital engineering that will revolutionize the logistics and tracking industry, instead of it being tethered to the bitcoin price. Uhg. VET is more like a stock than any other crypto currency. ADA hoping on some Africa deal thing and hoping Elon tweets at least one final thing about Doge that pumps it again.

I foolishly listened to 90% of these "expert" youtubers all... universally claiming the bear market was just getting started, and we would have this supposed fantasy "alt-coin season" where alts keep climbing when bitcoin is done or even declining.

I thought it was a bit high to enter the market, me being a noob I just trusted everyone. I wish I got in last year, I didn't know where to get no KYC crypto via credit card. Turns out, oh you can't. But I heard people doing it. No, it was outdated info... So I found another less easy more pricy way... Not a lot of info is out there on that. So I got in too late. I knew bitcoin was way too high for the short time it pumped so I was expecting a pullback any moment but it kept going up, then sideways, so I figured well maybe I'm just in time for this mythical "alt coin" season. Uhg.

Lord Bogdanoff personally hates me in particular for some reason.

Holding good altcoin  we put you ahead and secure your position! The fact that you are holding give you an awareness you may not have if you exit!  And been aware help you to buy at very cheap price even if there are lower lows as market correcting persist,  you will still be able to average down.  These are unique opportunity for outstanding gain when reversal of current situation happens.

When you find it hard to find an exit point because you have doubts of where the market might go, just take profit and wait. Altcoins are good to sell when there is a bullrun and the more you should sell when the bear market is here. You should see that an altcoin worth $50 per coin during the bull run could turn $2 during the bear market. Thats how low it will be.

Even the amount isn't half for your profit. As long as you're in profit with that altcoin and you don't have any confidence on it, sell.
But if you're going to regret selling it because it might pump, don't sell.
What I usually do, when I get a good profit from it. I don't think of it and I'll sell no matter what happens as long as it's a profit to me.

agree, it is hard to be disciplined when the market is going up, but you should have some strategy how to trade, before start trading
trend is your friend, greed is certainly not your friend, but it is easy to misunderstand that when you are emotionally in the market, always trade only what you can lose, and follow your strategy, if the exit price is reached, just exit the market

I understand that "sell high" is a big part of the trading world but you are basically ignoring all the investors as a whole and saying they are greedy. I mean we are just investors and we do not want to keep buying and selling constantly, I can't be bothered by that and I do not want to start learning how that can be done, all I care about is to buy bitcoins until I retire and then sell them all at once and retire that's it, I do not want anything else.

So selling high is not really a thing for many of us, selling them at the right time or wrong time is not an option for me, the only time I will sell any crypto will be the day I need something, for example I want a new PC and when I have enough money to spare for PC then I will sell some crypto, or I want to retire as a huge goal, when I retire I will sell them, but I do not plan on selling for just profit reasons, no trading for me, that doesn't make me greedy, that just makes me an investor.

Our greed gets the better of us most of the time, and it’s really hard to know whether it’s already the right call or not. If one is a well-disciplined trader, this shouldn’t be a problem as they will abide by their goals and standards and be done with it, no regrets or any more questions asked. Not everyone can achieve this level of proficiency and discipline, thus a lot of people still gets burned in the process of trying to earn more than what they can already take.

obviously not all altcoins will double or triple, some can even drop in value immediately that's why we have to use the right strategy to be able to earn always and in any case, set a limit value beyond which if it(altcoin) go down, sell immediately, i.e. stop loss on exchanges or exit in stable coin quickly to keep the profit made

That's right, limiting losses is a way that must be emphasized as a trader, even though it is often a defeat of ambitions that feel lacking and not enough for the profits they get. Trading always has a pattern of ups and downs, and we have to instill that from the start. Honestly, dealing with greed is so hard, even all the old merchants can't control it.
so we have to return to our intentions and patience with market situations that often pressure us to stop losses.

I have read your thoughts and can say, do you know where your problem is? You just picked a bad time to buy altcoins. I have a feeling that you don't want to miss the whole party and got in, even though it was too late. Just be patient and don't miss a good starting point

Yeah, when I get more money I'm gonna buy more bitcoin on this dip as much as I can. One day whenever my alts make double gains I'll convert half.

the nature of humans when they get profit and feel greedy, that's one of the factors traders always experience losses,
of course this must be avoided by traders, greed must be eliminated before bad things happen to you,
getting out of the market is also difficult if you don't understand the chart , of course you also have to learn to analyze first before trading

Exactly the part that got me pissed off, it unnecessary to enter an altcoin after 1000% gain except the project has a good and continuous development plan, it's annoying and unbenefitial to see investors longing for a long term plan in such coin. The best way of gaining profit in shitcoin is joining at early stage and enjoy the first time pump while puling out immediately.

I don't know how people think, a currency that rose at a crazy rate and there is no technological progress or a real motive to use it, yet you find many people who buy it for nothing but that its price has risen by 1000%.
Not all altcoins are losing now unless you bought them during that crazy period when many altcoins rose by 300%.
I bought some altcoins last November and some are still profitable (I'm talking about altcoins not shit)

Any way buy bitcoin is your long-term investing.

An atheist earns as much Bitcoin as possible. I like your point about increasing the number of Bitcoins over time because Bitcoin is always moving forward. Altcoins are highly volatile and they rise in price after Bitcoin.
Taking profits Altcoin is an art, we need to know how to be satisfied with profit even though it is small, avoids greed leading to loss. As long as you limit your investment losses, you won't lose.
To facilitate the maximum accumulation of Bitcoin, we need to first take profits from the stablecoin and wait for a strong bear market to start buying.

I like the words that. I hope you do not sell your altcoin, instead of buying more if you have money because the altcoin will be back to the high price someday. When the bitcoin price increase, that will the time for the altcoin to increase. But this time, we need to have more patients wait for the next bull that will come. So if you can trade your altcoin and profit in bitcoin, you should hold tight to your bitcoin and not sell before the price increases. We have more times to see bitcoin and altcoin increase so waiting for a while will be necessary.

Many people understand that a timely exit from altcoins before the correction will allow you to save your deposit. But only a few can boast that they sold their altcoins on high in time and are now waiting for the end of the correction in the market. The reason that we do not sell our altcoins in time is the desire to get more profit.

Let's say your golden rule applies to me as well except I removed the "trade altcoin" part.
I just simply hold BTC in my bunker and revisit it once whales already entered the market or maybe not. I am not quite sure that even 100k in BTC is still enough.

It is the best thing we can, yes. But it is really hard to predict when the correct time is. Most altcoins are even more unstable than others. If you are dealing with that kind, you have a really tough job to do.

Greed makes many hold unto their token and coins believing that the price will still rise up again, some even believe that 100k per BTC is possible, in 2017-2018 bull market many thought BTC is going 50,000$ because of predictions on the web, I was one of them who learned the hardway so I avoid the same thing this year and I'm happy I did.

altcoins always make a lot of losses if bitcoin experiences a very drastic decline then altcoins will decline even more I see for myself at this time altcoins have decreased so great bitcoin has decreased slightly altcoins will experience more declines when the current situation occurs it's better to always be aware of bitcoin price movements because the decline and increase was so fast that it destroyed altcoins I thought would bitcoin go back down like in 2017 it could have happened because I saw the market getting worse.

Choosing the right time to sell is hard because you don't have a plan.

But if you're that type of investor and you're very fine with the profit that you've gained and even if it's not going to be that much, you should be able to sell at the right time.

Sometimes, it's becoming hard because you want to have more and you're not contented with how much you've got already.

What are the signs of bitcoin's rise not bringing altcoins like before, although I think bitcoin's movement is still in doubt and but bitcoin is the best alternative for diversion if the market or altcoins are in the red.
and if your altcoin has good potential and you believe you should hold it without converting it into bitcoin, the market is difficult to predict and sometimes it can be confusing to convert or sell it

I don't think everyone can predict the correct time when to exit the market even on alts, I know if you can timing it it's the best thing you can ever do to protect your profit or to avoid your losses. BTC will always be the main point for stacking, I'm trading as well altcoins to make more my value in sats.

When Bitcoin is boring I tend to trade alts or hoard some stablecoins and if I appreciate that it's time to convert it back to Bitcoin or Bitcoin is showing signs of upward movement.

It is very true. Most of the altcoins in the market carry big risks. They can go up and go down very quickly. I understand also that choosing the right time to sell is really hard. But when one starts gaining experience, it can be easier to predict.

If I choose good altcoins, and don't choose hyped altcoins, I would hold them to wait for profits. I will have to be patience because holding is not easy. But if I can not trade good, holding is better.

If I choose hyped valued altcoins, holding will rent me with time. It is bad and the end of my portfolio is so bad. I will lose most of my money with holding.

I will hold altcoins like Ethereum, BNB, DASH, Stellar, Polkadot, Solana.

It's rainbows and sunshine until you realize how unpredictable the market in this industry is, lol. But yes, I get your point. The only problem is that most of the people nowadays (the new comers) are too gullible and only choose to invest because of hype which makes them end up buying on peaks and selling at a loss on dumps. Even those who get lucky enough to invest before the peak become too greedy and do not exit which leads to losess again. Until these people learn to do their own research and control their greed, they will not be able to make profits and lose money instead.

It’s not like every alts will be 2x, but it’s better profit out your initial capital whatever profits you're having at that moment like 20% or event 50%. Though profits will be small, but portfolio will increase rapidly. BTW, anyone hodl any potential alts for 2x which is having real  or upcoming major events according to FA. 

This is assuming you bought it early before a price pump. There is no good news if you bought high.

However, considering it's almost confirmed that we're going into at least, a mini bear market. Altcoins are going to suffer the hardest. Many alt coins are never going to go back to their all time high. I doubled my money gambling hyped up alts and the "nFt" scam... Nooblet me mistakenly thought the buy and hold strategy applied to alts. Worst mistake of my life.

I thought I was being "safe" by not taking profits. I should have sold half or more on all those coins I gained on. Now most of them, crashed down to below what I even paid for them. I could have done really well but there needs to be a golden rule that you hold bitcoin and trade alt coins.

That's going to be my golden rule.

Hold Bitcoin, trade Altcoins. Hold Bitcoin, trade Altcoins. Hold Bitcoin, trade Altcoins.

^ I'm going to hand write this over and over 100 times on a piece of paper like I'm back in elementary school getting punished.

I'm gonna hold every alt that has a loss. I still think it's better to hold at a loss for the hope a pump happens again. If I can break even I'll trade it back to bitcoin.

I only remained profitable with Doge (surprisingly and only due to unintentional luck) and Eth, and KSM barely.. Every other altcoin so far has been a loss. I guess it made sense at the time. I think I might be at an even higher loss if I bought bitcoin at 55 to 60k vs alts that were pumping up. However, at least with bitcoin, at very least... with bitcoin, even if you bought high, you can hodl, and you are almost guaranteed that it will one day smash through it's all time high. Countries are going to flock to bitcoin, not alt coins. Bitcoin might recover from this dip or mini bear market and continue to smash through all time highs. alt coins? Maybe. Probably not.

With alts. I've been looking at the history of most of them and well guess what. Most of them never touch their all time high in the next bull runs. Some go even higher, most dont. And many drop out never to be heard again. I knew the risks but being dumb, poor, and most importantly, super late to the game, I knew there was no way I could ever get to the amount of bitcoin I wanted to be at. Some alts were still kinda low and I heard you can get percentage gains more than bitcoin. My idea was to ride pumps on altcoins, then eventually trade profits into bitcoin, but I didn't know when to get out.

I think the golden rule of alt trading for me will also be. As soon as your money doubles, sell half, that way you're guaranteed to have not lost any money. I was hoping to ride up just a little longer. I heard of people getting 3x 10x sometimes 100x. I let emotion get in the way. I started smoking just a little hopium, then got hooked, next thing you know I was a crypto hopium addict. Now I'm living in the digital streets having spent all my hard earned money on this hopium crap. Felt good till the crash. Now I'm in the gutters begging the crypto gods for the next fix. Just one more pump plz...